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Sumitomo Densetsu Co ( (JP:1949) ) has provided an update.
Sumitomo Densetsu Co., Ltd. announced its position within the Sumitomo Electric Industries group, emphasizing its operational independence despite being a subsidiary. The company ensures fair transaction terms with its parent company, protecting minority shareholders through independent governance structures and a dedicated committee to oversee transactions.
More about Sumitomo Densetsu Co
Sumitomo Densetsu Co., Ltd. operates in the environmental energy-related sector, primarily focusing on facility construction work. It is a part of the Sumitomo Electric Industries corporate group, which holds a majority voting stake. The company maintains a degree of operational independence, despite receiving business management guidance from its parent company.
Average Trading Volume: 62,540
Technical Sentiment Signal: Buy
Current Market Cap: Yen182.2B
Find detailed analytics on 1949 stock on TipRanks’ Stock Analysis page.